According to the membership indicators, the current price is below the strong resistance level of 111516.5, and the distribution of chips indicates a high concentration of transactions in this area, leading to a sudden increase in buying pressure. At the same time, although KDJ has a golden cross, its trading volume continues to shrink, and the average volume line is in a short position, indicating that there is insufficient upward movement and caution should be taken against the risk of false breakthroughs.
The latest 1-hour cycle K-line forms a belt catching line, with the opening price being the lowest price, indicating strong support from buyers, but significant suppression at high trading volume nodes above. Combined with the bullish arrangement of the EMA24/52 moving average, short-term or volatile testing of the resistance of 111516.5, if unable to effectively increase volume and break through, it will return to support 108000.
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The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 1-hour] candlestick, for reference only, and does not constitute any investment advice.